IBT Staff Reporter

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Chip sector losses hit Nasdaq; IBM supports Dow

A weak outlook from Texas Instruments weighed on the Nasdaq on Wednesday and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

HCA IPO oversubscribed and could price above range

The initial public offering of private equity-backed HCA, the biggest U.S. for-profit hospital chain, is well oversubscribed and could price above the planned range on Wednesday, sources familiar with the situation said.

Michelle Obama has a New Stylist

Forget all of the hype around celebrity fashion, today's trend setters are presidential first ladies. Consider Michelle Obama and Carla Bruni.

Wall St ends down as chip sector weighs

U.S. stocks fell on Wednesday, as a weak outlook from Texas Instruments weighed on the Nasdaq and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

Brent crude rises on fierce battles in Libya

Brent oil prices rebounded toward $116 a barrel on Wednesday as intense fighting in Libya stoked more supply worries and U.S. crude fell as inventories rose sharply, widening Brent's premium against U.S. crude.

Actors rumored to replace Charlie Sheen on Two and a Half Men

Ever since Charlie Sheen got axed from the hit CBS show Two and a Half Men, rumors have been circulating the Internet on who will replace him. While it is still unclear if CBS and Warner Bros. will continue to produce the show, the names of actors that could possibly replace Sheen are floating around. Two and a Half Men, which airs Monday nights, is one of CBS's most popular sitcoms. The show, which is on its eighth season, was canceled when Sheen entered drug rehab and later ...

Brent rises on intense battles in Libya

Brent oil prices rebounded toward $116 a barrel on Wednesday as intense fighting in Libya stoked more supply worries and U.S. crude fell as inventories rose sharply, widening Brent's premium against U.S. crude.

NYSE faces tough fight with CME, CFO says

NYSE Euronext's planned assault this month on CME Group Inc's flagship U.S. rate futures franchise will be tough going because traders value liquidity, CME Chief Financial Officer Jamie Parisi said on Wednesday.

Wholesale inventories, sales support growth

Wholesale inventories rose in January and sales set their fastest pace in 14 months, suggesting restocking and strong demand would give a lift to the economy in the first quarter.

Greed drove Rajaratnam's network: prosecutor

A U.S. prosecutor told a jury that greed drove hedge fund manager Raj Rajaratnam to establish a corrupt network of people to trade on inside information and make millions in illegal profits, as the trial got under way in the biggest Wall Street insider trading case in a generation.

Top 10 Cities with the Most Underwater Mortgages

About 23.1 percent of all mortgaged homes (11.1 million households) were underwater in Q4, according CoreLogic's report released on Tuesday, showing an increase from 22.5 percent (10.8 million) in Q3.

Idaho Teachers to Protest Union-Weakening Bill

Idaho teachers will create a human chain around the state capitol and hold a rally on Wednesday after the legislature passed a bill that will weaken their union, as similar measures are making progress in various other U.S. states.

Tottenham Hotspur Vs AC Milan Live-Coverage

After creating a shock upset at the San Siro in their last meeting, Spurs will look to make use of their advantage and advance to the quarter-finals of the Champions League against AC Milan at the White Hart Lane.

HCA IPO demand strong despite debt, reform risks

HCA, the biggest U.S. for-profit hospital chain, plans to go public on Wednesday, and the IPO is seeing strong demand even though private equity owners saddled the company with a massive amount of debt.

Russia's Aeroflot to buy eight Boeing airliners

Russian flagship airline Aeroflot said on Wednesday it had signed a firm order to buy eight Boeing 777s , in line with earlier plans, partly to boost its fleet ahead of the Winter Olympics in 2014.

January wholesale inventories rise

Wholesale inventories rose more than expected in January and sales set their fastest pace in 14 months, according to a government report on Wednesday that offered further signs of strengthening demand.

Brent oil up on intense Libyan fighting

Brent oil prices rose on Wednesday on intensified fighting in Libya and U.S. prices fell after data showed crude inventories rose more than expected last week, widening Brent's premium against U.S. crude.

Jurors chosen for Rajaratnam insider trial

Prosecutors and defense lawyers for onetime hedge fund billionaire Raj Rajaratnam will clash in a high-stakes face-off in court on Wednesday when they make their cases to a jury in the biggest Wall Street insider trading case in a generation.

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